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Uncategorized The Housing Market Continues To Cool Down The housing market in California continues to cool down, according to the California Association of Realtors’ report today. Existing family home sales in June declined 8.4 percent from May and nearly 21 percent from a year ago. In addition the median home price statewide was 863,790 which is down 4 percent from May but up […]
Uncategorized Easy Steps To Save Water As Severe Drought Continues Californians have been asked to voluntarily reduce water use by a 15 percent. If conservation efforts don’t work, the state may impose mandatory water restrictions. Considering the 50 percent of home water use is for outdoor purposes, here are some steps you can take to make a difference. Turn off your sprinklers when rain is […]
Uncategorized 30-Year Fixed-Rate Mortgage Drops Over the last two weeks the 30-year fixed-rate mortgage dropped by half a percent, while concerns about a potential recession continue to rise, Freddie Mac reported today. The average for the 30-year fixed-rate mortgage this week now stands 5.3 percent, while the 15-year firm is 4.45 percent. Freddie Mac also noted that “while the drop […]
Uncategorized Housing Inventory Growing Housing inventory nationwide was 19 percent higher in June than a year ago but it’s still nearly half of what it was before Covid, according to Realtor.com. “We expect to see additional inventory growth in July, building on accelerated improvements see throughout June,” saidDanielle Hale, chief economist at Realtor.com.  The expanding supply has not yet […]
Uncategorized Walnut Creek June Sales Snapshot
Uncategorized Lafayette June Home Sales Snapshot
Uncategorized Inflation Concerns Behind Mortgage Rates’ Steep Rise Freddie Mac reported today the 30-year fixed-rate mortgage rate moved up more than a half a percentage point, making this the largest one-week increase in the its survey since 1987. This rate is well above the 2.93 percent recorded just one year ago and is the steepest level since 2008. The Freddie Mac average is […]
Uncategorized Mortgage Rates Surge, Applications Fall Total mortgage application volume was down 52.7 percent last week from a year ago, according to the Mortgage Bankers Association.  Sharply rising interest rates are curtailing refinancing and those rates, along with high home prices, are curbing buyer demand.   “Mortgage rates followed Treasury yields up in response to higher-than-expected inflation and anticipation that the […]
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Uncategorized The Housing Market Is Shifting There’s still a lot of motivation for buyers and sellers in the market and that’s not likely to change much in the coming months. With experts projecting a rise in inventory and mortgage rates remaining relatively low, both sides in the real estate transaction stand to benefit from making a move this year. However,  the […]

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